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Report Overview
2023
Base Year
2018-2023
Historical Year
2024-2032
Forecast Year
Global EV Platform Market Growth
An EV platform refers to the underlying architecture or framework upon which electric vehicles (EVs) are built. It is one of the most crucial parts of an electric vehicle. It consists of the basic structural and functional components of EVs, such as batteries, electric motors, charging systems, and chassis, among other components.
The EV platform market growth can be attributed to technological advancements and evolving consumer interests. The electric vehicle market is experiencing rapid advancements in battery technologies, software, and motor designs, which play a significant role in the EV platform market development.
EV Platform Market Report Snapshots
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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Key Questions Answered in the Report
In 2023, the market reached an approximate value of USD 11.60 billion.
The market is estimated to grow at a CAGR of 20.5% between 2024 and 2032.
The market is estimated to witness healthy growth in the forecast period of 2024-2032 to reach about USD 62.12 billion by 2032.
The market is being driven by the rising demand for long-range electric vehicles and technological advancements enabling the manufacturing of improved components.
The implementation of policies and regulations for carbon emission control and the increasing consumer interest towards EVs due to reduced environmental impact are some of the major trends in the market.
The market is broken down into North America, Europe, Asia Pacific, Latin America, the Middle East, and Africa.
The different vehicle types considered in the market report are hatchbacks, sedans, and utility vehicles.
The market's key players are Nissan Motor Co., Ltd., Mahindra & Mahindra Limited, General Motors, Hyundai Motor Company, Volkswagen AG, Tesla Group, BYD Company Ltd., Open Motors, and REE Automotive Ltd., among others.
Based on the components, the market is divided into suspension systems, motor systems, batteries, brake systems, chassis, electronic control units, and steering systems.
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Australia
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India
C130 Sector 2 Noida, Uttar Pradesh 201301
+91-858-608-1494
Philippines
40th Floor, PBCom Tower, 6795 Ayala Avenue Cor V.A Rufino St. Makati City, 1226.
+63 287899028, +63 967 048 3306
United Kingdom
6 Gardner Place, Becketts Close, Feltham TW14 0BX, Greater London
+44-753-713-2163
Vietnam
193/26/4 St.no.6, Ward Binh Hung Hoa, Binh Tan District, Ho Chi Minh City
+84865399124